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#FuturesTrades September 28th Friday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+0.00	+201.90	+2670.50
$0	$20,190	$267,050

Profitable Trade

"No Trades"

Losing Trade

"No Trades"

click on image to view actual size

Current Performance Record

Key Trades of the Day (see chat log below)

Profit/Loss Statement

Trading via WRB Analysis: I took the day off from trading to do some computer and software upgrades that's important to maintaining my computer system so that's it's adequate for trading.

However, the image to the left represents my last trading day (Sept 27th Thursday) for those wanting to know my most recent trading performance.

With that said, today produce several key WRB s/r zones in which one of them should have a big impact on Monday's trading session.

The two WRB s/r zone's I'll be monitoring closely on Monday for pattern signal confirmations and profit targets involves 810.00 - 808.20 and 818.30 - 816.00

General Strategy Info: The above profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi) only and all trades were posted in realtime as shown in the below chat log.

Although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based (no subjectivity) methodology that involves WRB Analysis.

In fact, many of my trades or profit targets will occur within key WRB support/resistance zones because these price areas gives me a better understanding of key changes in supply demand.

Traditional pivot point analysis or traditional s/r levels are inadequate in understanding changes in supply/demand of the Russell 2000 Emini ER2 or any other trading instrument of today's markets in comparison to WRB Analysis.

WRB Analysis is also a key aspect in my use of intermarket analysis, market seasonal tendencies, volatility analysis and custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.

Further, position size management is a key aspect of my trading and I trade any where between 1 to 9 contracts per trade depending upon the volatility, pattern signal, seasonal tendencies or intuition.

All of my trades and commentary for today's market action (posted below) are via the user name NihabaAshi (Japanese Candlestick term) and I exclusively trade the Russell 2000 Emini ER2 futures even though I closely monitor other key markets in the world.

With that said, today's trade posting chat log is below and it contains all my trades that were posted in realtime along with the trades of other members of #FuturesTrades.

Further, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.

Session Start: Fri Sep 28 09:31:03 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:31

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm

<PapaJon> gm all

<Dmi76> gm all

<intowin> I will probably take a third off soon just to cover the cost of getting stopped out if it happens 09:32

<les> Long ER2 @ 818.4 «« paper »»

* szubaark_away is now known as szubaark

<eminitrader> itw..pls dont change/modify ur trading plan based on my analysis..

<base> GM

<intowin> no that was on the original plan.. 09:33

<eminitrader> k..:))

<intowin> 1/3rd at +4 1/3rd at +7 let the rest ride till stopped at b/e

<pat255> gm all 09:37

<eminime68> gm

<pat255> hi em ...any bias this AM ..or just wait 09:38

<les> Long ER2 @ 818.8 -> Add «« paper »»

<eminitrader> just waiting for now..

[09:30:11] <eminitrader> my read says there is a good probability of a strong downmove today

<pat255> ty em

<eminitrader> [09:33:32] <eminitrader> .pls dont change/modify ur trading plan based on my analysis.. 09:39

<Pepe> gm all

<pat255> nah but good to know what the master trader is thinking ,, 09:40

:)

<eminitrader> hehehehe..nice joke

<Dmi76> )))

<pat255> we are responsible for our trades ..:)

<eminitrader> have been trading light ll wk...and the same today too

<pat255> k.. 09:41

<eminitrader> Shorts ES @ 1543.50 09:42

1 only ...will add @ 1544.50 ...stop @ 1547 09:43

<pat255> k ..nice em good plan

<les> Exited 1/2 ER2 Long @ 820 --> + 1.2 «« paper »»

<intowin> Exited 1/3 ES Long @ 1543.75 --> + 4

Trading Edge:
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If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management with a money back guaranteed policy...click here.

Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

<eminitrader> nice one itw

<intowin> thanks

<eminitrader> be back

<asuni> itw, better than the trip :-) 09:44

<szubaark> les lots of patience there

<les> :)

<Brutus> 0945/1345 Sep Chicago PMI

Purchasing Managers Index

(Adjusted) 53 53.8

1000/1400 Sep Reuters/Univ Mich Index, final

Sentiment Index End month 84 83.4

Sentiment Index Mid Month 83.8

1000/1400 Aug Construction Spending

New Construction -0.3% -0.4%

<szubaark> Shorts ES @ 1544.25 «« paper »» 09:46

exit stop set ES @ 1545.25 «« paper »» 09:47

<eminitrader> Shorts ES @ 15.44.50 -> Add 09:48

late post

now holding 2 avg 1544...stop 1547 09:50

<szubaark> Covered 1/2 Short ES at 1543 --> + 1.25 «« paper »»

exit stop moved to breakeven ES @ 1544.25 «« paper »»

<eminitrader> and here comes the boring part ...the waiting ...for the stop to be hit or for the moola :)

<intowin> yep.. 09:51

<pat255> em has very simple expectations ...lol

<eminitrader> shorts having a terribly boring time the last few sessions 09:52

<pat255> y notice that ...em very careful with them .. 09:53

<eminitrader> shld be their day todsy :)

<pat255> hope so ..

<eminitrader> u short too .. 09:54

<pat255> nope em ...last 2 days look for L side ..

<eminitrader> k

<pat255> it has worked better but i get out early ..

<eminitrader> i had a lot of brek time this wk..it was kinda crazy.. 09:55

<pat255> me get too jumpy ..but try to folow your patience

& hold so far not easy for me ..

<szubaark> Covered all Short ES at 1544.25 --> 0 «« paper »»

<eminitrader> same today ...this is going to be my only trade ..will take a half day

<pat255> not a bad idea ..

<intowin> same plan here E. At least one of us will be a winner lol 09:56

<pat255> in where do u get in?

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY)

<eminitrader> chart says a huge day coming ..nice probability its to the down side...and hope its TODAY..:))

<intowin> 39.75 long es 09:57

<pat255> vn in

<intowin> refrains from comment

<eminitrader> the mrkts the winner all the time itw...end of the day

<intowin> yep

<Tim_a> huge day coming because of extended congestion at resistence? 09:58

<eminitrader> for the simple reason .....it can never be wrong

<pat255> v true

<eminitrader> maybe so T ...but my reasoning is cause of pa on the long term chart 09:59

reasoning = read

<Tim_a> long term as in...? 10:00

<les> powerful bounce off 819.6

if that move is sustained, could trend to upside today

<eminitrader> daily and weekly 10:01

<les> my daily on er2 also shows potential for a faller...

but i keep getting bullish sigs today, so maybe not yet

<eminitrader> looks like the down move is conformed :)) 10:02

<szubaark> yup,looks like just a Stop run

<Tim_a> do you mean change in trend, e?

<eminitrader> yep

exit stop lowered ES @ 1546 10:03

<szubaark> Shorts ES @ 1544 «« paper »»

<Tim_a> the primary trend direction generally is the slow grind, this move up was sharp and violent

<les> Exited Remainder ER2 Long @ 819.5 --> + 1.1 «« paper »» 10:05

<szubaark> Covered 1/2 Short ES at 1542.50 --> + 1.5 «« paper »»

<les> there ya go em :)

<szubaark> exit stop moved to breakeven ES @ 1544 «« paper »»

<eminitrader> never know les...givin the strenght of the mrkt, being a friday and last day of the month and the qtr 10:06

but sticking to my read of the flow

<les> true.. altho my analysis of the daily does show strong down potential at some point

all the way to 788.9 on er2 10:07

just dunno when :)

<Brutus> Dont know how funds and performance/bonus is measured but the SPX is up for the month and qtr at the moment, can anyone elaborate ? 10:08

<intowin> I have to run and get a prop for my boat.. doing some skiing later. 10:09

<eminitrader> think its the opening tick...but not sure B

<intowin> moving my stop to 1538.75 to make sure I have a profitable day.

bbl

<Tim_a> what else about the chart makes you think trend change, e? 10:10

<eminitrader> just the pa

cld very well go into a chop before making a move 10:11

but i now see a low probability of new highs...so maybe chop rest of the day or a high probability of new lows 10:12

if its new highs...there is always a probaility ..then i expect a major move upto 1560 10:13

<szubaark> Covered all Short ES at 1541.25 --> + 2.75 «« paper »» 10:16

<ItalianSharp> nothing appears strong enough to move this mkt...still stuck in an ugly range

<les> Shorts ER2 @ 817.4 «« paper »»

right near yest low on er2, so at least a pause here 10:21

<Brutus> V high vol for the ER 10:22

<les> yes, and this bounce looks like short covering 10:23

no sign of buyers

<eminitrader> if the es does not get to 1542 and we see new lows...expect a big downtrend day....if it gets to 1543 and then expect a retest of lows ...but probability of strong downtrend reduces

<les> i guess it depends on the size of the bounce em :) 10:24

<eminitrader> k guys thats what my crstall ball is whispering :)) now the secret is out of the bag:)

<szubaark> Buys ES @ 1540.75 «« paper »» 10:25

<Brutus> dont trade against the ball Szu :)

<les> break coming

<pat255> vn em ..

<szubaark> Exited all Long ES at 1539.75 --> - 1 «« paper »»

<Dmi76> Shorts ER2 @ 814.9 10:26

<eminitrader> there u go B heheheh

<szubaark> just a scalp

<eminitrader> wanted to see at least a 8 - 10 tick move to the downside:( 10:27

<Dmi76> Covered all ER2 Short @ 813.4 --> + 1.5

<eminitrader> Covered 1/2 ES Short @ 1539 --> + 0 + 15.44.50 - 1539 10:28

thats my fiver..:)

<pat255> vvn

<eminitrader> and now wait for my tenner

<szubaark> nice

<eminitrader> Covered 1/2 ES Short @ 1539 --> + 4.5

<les> exit stop lowered ER2 @ 815.9 «« paper »»

<pat255> lol ...mkt is in em sight ..

<Tim_a> vn, e

<eminitrader> thats better its actually 5.5

thx guys 10:29

<Brutus> good analysis EMT

<pat255> tried 1 L on er ...just 2 ticks got out ..

<eminitrader> like u said B...dont go against the ball :)

<pat255> hmmm dont bet against em ...

<Brutus> yep esp when ER and NQ leading 10:30

<les> exit stop lowered ER2 @ 814.1 «« paper »» 10:32

<eminitrader> k guys i'm done for the day wk and month...stop is now @ 1544...see u all mon

<Brutus> cu e 10:33

<les> nice stuff em

<eminitrader> is that a move or what ::))))

<szubaark> Very Nice Job.

<ItalianSharp> wow emini...nice call

<eminitrader> thx again guys..have a good one

<ItalianSharp> why did you think we were due for a down move?

<szubaark> [09:35] <eminitrader> my read says there is a good probability of a strong downmove today 10:34

<base> :)

And Niha was right too, he was expecting a volatility day. 10:35

<les> Covered all ER2 Short @ 812.2 --> + 5.2 «« paper »»

<ItalianSharp> yes szu, i read that...i was interested to hear why his read saw to call it a bearish downmove

<szubaark> nice les

<base> Very nice les.

<les> thx szu 10:36

<szubaark> he said Price Action :)

<base> I did just one point 819.10 - 818.10

<ItalianSharp> well, that's a very general term...anyways, i'll ask him on monday

<les> well there is a reason i think niha would give... 10:37

<szubaark> Buys ES @ 1537.50 «« paper »»

<les> its minbe anyway...

look at 18th sept candle on er2

[prob similar on other eminis]

thats a wrb with a gap

and 788.9 will be the gap close 10:38

<base> Near 35 points candle.

<les> so today's fall may be first stage toward that area

if niha has another reason for bearish moves, i imagine he would agree with this one anyhow 10:39

i just checked ym, nq and es 10:41

all have that large wrb on the 18th

<pat255> les on daily/ 10:42

<les> :) 10:43

<pat255> k ..thks

<les> i'm done for today 10:44

cya all monday

<pat255> later les..

<Brutus> cu Les

<szubaark> bye

<base> Have a nice weekend les.

<les> thx guys 10:45

have a good one

<Brutus> 1000/1400 Atlanta Fed Pres Lockhart speaks on monetary policy and

the economy at Middle Tennessee State University in

Murfreesboro, Tenn.

1015/1415 San Francisco Fed Pres Yellen participates in a panel

discussion at the Boston Fed's conference

1315/1715 Chicago Fed Pres Evans introduces luncheon speaker at the

Chicago Fed's banking conference

1315/1715 Fed Gov Mishkin gives luncheon speech at the Chicago Fed's

banking conference

For Niha if hes trading

Dax fell 60 then bounced 50 lol 11:02

<szubaark> Exited all Long ES at 1537.50 --> 0 «« paper »» 11:10

Shorts ES @ 1537.50 «« paper »»

<intowin> back 11:35

nice Emini glad I raised my stop

Exited all ES Long @ 1538.75 --> - 1

late

done for the day here... See you Monday.. 11:36

<szubaark> ok bye 11:37

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) 11:59

* cmr2 is now known as CMR 12:08

<Dmi76> Shorts ER2 @ 814.0 12:14

Covered all ER2 Short @ 813.9 --> + 0.1 12:30

lost my patience with this trade 12:31

<szubaark> zig zagging all over the frikin place 13:07

exit stop set ES @ 1539.50 «« paper »» 13:08

yup.. 13:09

Covered all Short ES at 1539.50 --> - 2 «« paper »»

<bern> i hope we get some volatility in after lunch session 13:12

<Tim_a> ym is like pushing a beach ball under water - it always pops right back up 13:33

<ItalianSharp> true...tough being short now 13:34

looks like YM wants new highs

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) 14:02

<szubaark> Buys ES @ 1540.25 «« paper »» 14:18

amazing, half of the early morning quick drop they retraced 14:20

<Tim_a> ym retraced all of it 14:21

<szubaark> Looks like new highs on ES,NQ ER coming up LOL 14:22

Exited all Long ES at 1539.25 --> - 1 «« paper »» 14:26

Shorts ES @ 1539.25 «« paper »»

Looks like they cleaned out Stops on Top, now hopefully they go for the bottom 14:31

<asuni> it seems 14:32

if so, u had a nice entry szu 14:33

<szubaark> yeah.. it was a Reversal.. something im working on is Reversals.

<Brutus> 09/28/2007 14:35 *DJ OIL FUTURES: Nymex Crude Ends Dn $1.28 At $81.60 As Rally Fades 14:40

<szubaark> Covered all Short ES at 1539.25 --> 0 «« paper »» 14:41

not worth trading Dirt. 14:42

* szubaark is now known as szubaark_away

<Brutus> very steep drop in crude at 14:00 Szu 14:43

09/28/2007 14:52 *DJ Mishkin: Mon Policy Must Focus On Econ, Price Stability 14:54

<Tim_a> go out for a quick bite, and something finally happens 14:57

<Brutus> 09/28/2007 15:11 *DJ Fed's Poole: Markets Shouldn't Assume More Rate Cuts To Come 15:20

<Guest35179> long 808.70

out 809.40 +7 15:21

correction +.7

<Tim_a> ym beach ball popped up again 15:53

<ItalianSharp> lo 16:02

l 16:03

tru

true

<Brutus> ============ U.S. MARKETS ACTION ===========

<ItalianSharp> when YM made new lows, i thought we were due for a nice drop

instead, buyers wanted more of it

cant believe NQ almost made new highs

i had a remainder in YM and decided to let it run thru the close...well, stopped out at BE 16:04

impossible to catch a trend these days

<GoodMood> is, there seem to be invisible hands holding up all quotes 16:05

<Tim_a> there will come a day when it makes a large drop, but it has been dangerous to underestimate it - i'd be lying if i said i had any explanation for it

WRB Analysis

Learn More

<ItalianSharp> well...as much as i can be pissed off for mkts not falling further and give me more $$$... 16:06

as a trader i must react to what happens on the charts

hence, i must accept teh fact that there are lots of buyers still 16:07

<werner> indd IS

<ItalianSharp> there are so many buyers that i can almost hear them scream "buy!" from my house...:)

<werner> hihi 16:08

<ItalianSharp> this week has been the harderst trading week for me in 2007

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY)

<werner> far frome easy indd 16:09

<ItalianSharp> i am up very small...basically worked for free...and left lots of money on the table on many winning trades as i was expecting a trend day

gonna change my view now

we are indeed in a range adn i aint gonna take any prisoners until YM makes new highs or breaks down

those record-highs are acting as a magnete 16:10

same for NQ...

need a real breakdown to get away from striking distance of those highs

those bulls gotta be in a rush to sell and cover for this creeping buying to stop

<werner> er2 very weak 16:11

<ItalianSharp> it's been a very exhausting week adn i am going to need the whole weekend to recover...

next week i'll be in a "scalp" mode all week until we break out

small position size and quick profits

<werner> yep like niha 16:12

<ItalianSharp> there was no news that could possibly move this market

next week we got NFP on friday

very tough trading though...real hard...tip my cap off to all those who came out ahead this week...GREAT JOB

<werner> gn Is , all 16:13

nice wk 16:14

<base> Nice weekend all 16:35

* DisconnectedSession Close: Fri Sep 28 19:05:22 2007 19:05

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We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

CME Emini Futures EMD, ER2, ES and NQ

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

Don't hesitate to ask your questions and we'll reply back as soon as possible.